specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. dennis: we are basically 25 points away from 13,800. europe fell down and china's slowdown seemed to no longer be of concern. i think stocks, overall, will head up. cheryl: there is a lot happening. with the big vote on the debt ceiling extension so short-term. it will give lori and melissa a lot to do in the next few moments. lori: thank you. good afternoon. i am lori rothman.

melissa: and i am melissa francis. the extension of the debt ceiling. will it make the markets feel any more confident? lori: in the meantime, lou dobbs is here. secretary of state hillary clinton testifying on the benghazi attack. melissa: is the economy and low beer? we have an exclusive interview with the american trucking corporation bill graves. lori: the big apple shrinking? the new trend of micro- apartments in manhattan. 250 square feet. melissa: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: i saw pictures of those apartments, i would love to buy

one. they actually look very cute. let's take a look at some of the earnings related names. let's start at mcdonald's. it is up about a half% here. they expect the management -- that is not great news there. you can see the up arrow. when you talk about airlines they are up about three and a 3%. good news there despite the fact that superstar did actually cripple operations for some time. despite that, they did come in with an income of 37 billion compared with 18 million year-over-year. that is why you are seeing it up over 3%. united technologies which is to the upside. hitting 52 week highs today.

you can see the stock is looking pretty good here today. melissa: thank you so much. lori: that after the bell sure to grab headline reports today. it is care of apple. shares have been trading mostly higher. the bad news we have been expecting may not be that bad at all. shibani joshi is here to tell us what to watch. shibani: if you think this is a tech story, it is not. this stock in the company has the ability to have broad reaching impact across markets. just to give you an idea of how important this biggest market cap, in terms of publicly traded companies has on overall markets, it overall has 9.7%. certain technology industries like the dow jones sector in the

amax computer index, right around 20 and 24%. this will move the markets either to the upside or the downside. apple shares on a downward trajectory. down 20% because of concerns of what the quarter will unveil. the numbers that we are looking for 13.47 in terms of earnings per share on revenues of $54.7 billion. lori: these are numbers that in-laws have been bringing down. shibani: yes. i have a chart between the estimates and stock. the stock was at $700. over the last few months, brought down to 13.5. the numbers that we really want to pay attention to, it is a

unit sales of the product. here, is a broad range of what we think we could see today. ipads between 23 and 25 million. margins a central focus there is a lot riding on it. a big day today. lori: shibani, many thanks. apple shares among the most widely held. what does all of this mean your investment? welcome, paul. >> thank you. lori: i know that you are concerned about the company's financials. >> i am not particularly concerned about what happens for the report.

i have a bit anxiety about what they give for the march quarter and june quarter. melissa: we spend a lot of time discussing apple. what is your share strategy? buy, sell or hold right now? >> you know, it is always very dicey to make that recommendation or answer that recommendation. if i had to put my feet to the fire, i would continue to buy the shares. melissa: what you think it will beep at at the end of the year? >> i do not think that there is much downside. even if they have disappointing guidance for the march quarter, in the last 90 days, the estimate that they will guy to and for the fiscal year

september 2013, all of those estimates have already been lowered by the street. somewhere between ten and 15%. even if there is a negative outcome, maybe it is already in the stock price. lori: all of this concerned that we have been talking about and weakening demand for iphone5, you are saying that it has already been figured in. even the forward guidance is disappointing as well. it could actually be bullish for shares. >> i think so. ever since late last fall, we have had a drop anywhere from 25-30%. that is an extraordinary drop. you have a stock that is trading on next fiscal year's numbers. the s&p trades in the low teens.

this is a much better company than the average company and the s&p 500. first of all, i think that there is too much direction being paid to the unit market share. i know your previous speaker talked about what the unit shares will be taught what they will be for the quarter coming up. however, when you take a look at it, with the apple ecosystem, it is about how much of mobile revenue and profits accrue to this company. i expect android to continue to take some share. apple will continue to have some monster share of the overall profits of the wireless industry concerns about this post steve jobs era.

>> i think there may have been a little bit of drop back in the vision. tim cook has been running this company operational for many years. the company has been so strong in the past. monster revenue number, monster revenue cap. i do think that you cannot expect each incremental innovation to be something that is simply stunning. lori: paul, walking us to apples it is earnings report. thanks again. you want to keep it here for complete earnings. sandra smith is on after the bell at 4:00 p.m. eastern. secretary of state hillary clinton defending the administration's response to the benghazi attacks. lou dobbs weighs in just ahead. melissa: we are hitting the road with the american trucking association. ♪ the boys use capital one venture miles

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♪ melissa: it is time to make money with charles payne. he is following up on some previous recommendations. charles: let's first talk about intuitive surgical. the stock is up huge. they do the minimally invasive surgeries. i have been in love with stock for years. i featured them in my book. the stock is obviously getting rich. guidance is up. general surgeries using these non-invasive machines, it is a robotic machine. i think this stock will continue to do well.

they went from 625 to 600. the bottom line, this is a grand slam. also, cree research. oh, my goodness. this could be the number one percentage gainer in the market today. obviously, it is up significantly. earnings, phenomenal. gross margins. when you see margins look like this, everything is doing well. cree, if you look at what they have in the pipeline, in terms of new products, last quarter, up 11%. i love it. the fact that i went to costco last week -- they do not even make regular light bulbs anymore. finally, have to get to the loser.

coach is getting waxed big-time. i did say that we took profits as a form of discipline. it was a trading vehicle. i said let the other half run. obviously, it is running today. it is running like a squatting dog. lori: that is a horrible visual, by the way. charles: i love lew frankfort. what he said, though, about the company and its direction probably added another 4.2 the direction of the stock. he seems a little bit clueless right now. the bottom line, it is a huge face. tory burch is great. [talking over each other]

she knocked off everyone else. a great article. she knocked off everyone. everything. melissa: it is ridiculous. charles: she is -- he is knocking off her knockoffs. see that charles payne, thanks so much. lori: let's check the markets. we are watching molycorp. nicole: this is a stock that has been a real loser. they are warning of significantly lower revenue and cash flow for the first half of the year. a new ceo saying they are being more conservative. molycorp which is a producer of

rare earth elements that are used in smart phones and such getting an outlook that is weak. you are seeing it down $0.77 as a result. lori: thank you. melissa: the house is beginning to vote on the debt ceiling extension. left a right to rich absent on capitol hill. rich: this is the bill that raises the debt ceiling until may 19. there are republicans saying they think they have the votes to pass this. there are no spending cuts as part of this. there are a number of republicans who want to increase the debt ceiling only at the congress passes a corresponding number of spending cuts. we have to watch this very closely and make sure it does reach that threshold. it is not necessarily 218. if everyone votes, it will be.

if it does pass into the senate, harry reid says they will take it up and they will likely pass it as well. you have to get through this first. we will update you when and if we get there. melissa: another short-term solution. thank you so much. what did the administration know and when? hillary clinton in the hot seat today over the benghazi attack. lou dobbs will weigh in on that. lori: a mixed picture. we are back after this. ♪

>> at 21 minutes past the hour, i am patty and brown with your fox news minute. then yahoo! called early elections three months ago expecting and easy victory. the leader must now build a coalition after a strong showing by a new party. he is expected to keep his job.

much of the u.s. experiencing the coldest temperature and two years. four deaths are blamed on the cold snap. entergy nuclear manually shut it down on monday. it was the second shut down this month and the six in the past two years. those are your headlines. back to melissa and lori. lori: many thanks. secretary of state hillary clinton defending the response and benghazi. >> we were misled that there were supposedly protest. that was easily -- >> the american people could have known that within days.

>> with all due respect, the fact is we had four dead americans. what difference, at this point, does it make? it is our job to figure out what happened and do everything we can to prevent it from ever happening again, senator. lori: secretary clinton will face members about the house in about 40 minutes. it is time for lou dobbs now. lou: i have to say, it is breathtaking to watch the secretary of state who is singularly responsible for the security of that consulate and all that occurred there to take on that tone of righteous anger with senator ron johnson who is making a straightforward factual point. that is, that the american people were lied to and why to consciously by the obama administration, not four days,

four weeks. to have her sit there in that chair without performance, political theater. some may find it amusing. i find it alarming that this administration is setting forward a legacy for itself that looks to me as though it will be the most dishonest low-paid deceitful administration since the nixon administration. lori: we do care. lou: who could not care? lori: of course you do. melissa: what she said is what difference does it make. lou: if it did not matter, why did the administration lied to the american people for three weeks? why do they continue to withhold information about what transpired and who is responsible amongst, how did she call it, a federation, a

affiliates of al qaeda which suggests a very loose understanding of what al qaeda and other organizations through north africa, the middle east and southern asia represent. it is really very stunning stuff. melissa: she talks about what difference does it make, it makes a huge difference. if it was planned, we have to ask ourselves why did we not know, what is wrong in our intelligence committee that we did not find out. it makes a huge difference. lou: remember, the secretary did hit her head. perhaps, some of this is that after a fact. we will chalk it up to that. otherwise, the display is, well, beneath any secretary of state. lori: i know you have much more

to talk about. lou: the senator who is on the committee who had a fascinating exchange with the secretary, we will get his views tonight. lori: thank you. we do have some breaking news now. melissa: votes are tallied on the house to extend the debt ceiling. let's go back to rich edson. rich: this bill clears the u.s. house. it is on to the u.s. senate now. harry reid says that they will vote on it. there is no veto threat from the white house. they are open to this short-term extension of the debt ceiling. lawmakers pay is held in escrow after april 15 until the end of this congress and this congress and at the end of 2014. a three-month extension. republicans are hoping to fight

another day a few months from now. may 19 the new deadline once it clears the senate and signed by the white house. lori: by april 15, otherwise it goes to escrow. okay. got it. thank you so much. melissa: liz claman talks with richard gelfond about the importance of the international box office to his business. lori: want your own little slice of new york city? the new trend of micro- apartment for a affordability in manhattan. ♪

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melissa: time now nor stocks. as we do every 15 minutes let's head to the floor of the new york stock exchange. nicole petallides is standing by. nicole, the dow getting a boost from ibm today. >> certainly is. if ibm were not in the dow jones industrial average the dow would actually be negative. ibm's good numbers and good earnings report and come out and move ibm to the upside by about 5%. that obviously weighs on the dow jones industrial average, either good news or bad news. we know it is a weighted index overall. and so ibm is worth about 78 positive dow points today. let's take a look also at

google. google also soaring today. another winner on their quarterly results. so google is up 6 point 3%. that is a gain of 45 bucks. that is huge move, especially on stock almost $750. you talk about the big moves here. we should add at least 12 brokers raised their price targets on google's stock, jpmorgan, morgan stanley, barclays, et cetera, piper jaffray and so those are some of the names obviously tacking on and thinking more postively for google. back to you. melissa: all right, nicole, thank so much. when it cops to movies these days it is go big or go home. as just films that won't be just popular in america but blockbusters worldwide. in 2012, eight the top 10 highest grossing films worldwide were screened on imax. do we have a connection here? liz claman is in davos, switzerland with the ceo of imax. liz? liz macdonald we're in davos. how much did the swiss like

the "the avengers" or breaking down ii? more importantly for the company like imax, how much did the chinese like these films? imax has 99 screens. they're growing in china and everywhere else in the world it seems. we're joined by the ceo of imax, rich gelfond. what was one of the more popular movies in china? >> surprisingly somewhat because it was an old movie, "titanic". jim cameron went back and released it in 3d all over the world. they didn't see it first time. it was new. and it was "titanic". it was a similar reaction to the rest of the world had the first time which was really surprising to us and to the whole chinese film industry. liz: i remember when "avatar" came out three or four years ago. you and i were sitting in davos and how chinese were scalping imax tickets for 90 you can s just to see this movie.

is there behavior still there? is there a premium people will pay in imax and more? >> the good news for the chinese people and us it is not $90 anymore but the average ticket price is north of $15 a ticket. because we have 100 theaters in china right now we have so many more where we're selling those $15 tickets than where we sold the $90 tickets. that was only 13 theaters four years ago. liz: international box-office performance year-over-year was essentially flat. do you think the 2013 film slate, among them, man of steel. you have the next "hunger games" installment, "star trek." will that inspire people to jump into the movie theater you will see the number move up next year? >> i do think so. we announced yesterday "iron man 3" also that we're doing. there is no doubt in my mind international will continue to go up as a percentage of the box-office. it will do it in the regularly movie industry because of a rise of the middle class.

the network is expanding internationally much faster than domestically. in 13, i would be surprised to see international for us as well as domestic. liz: that might be news. who is the biggest star? you travel to a lot of red carpet events around the world to see openings of certain movies? it robert downey, jr.s of the world in the "the avengers" and iron man or is it the tom cruise. >> it is country by country thing. tom cruise is still popular. "mission impossible" 4 last year and he is a big draw. "twilight" draws more in international markets. it is more of an anomaly. some plays well and some doesn't. you're seeing a worldwide trend instead of globallization we're calling it like glocaization where they're following --. liz: like the move very, "up in the air". >> they like their

international film product but in china this year we played five chinese films. right now we're playing bond. but before this we played grand masters in russia and playing stalingrad. in india we're playing doom ii. so the trend, they like the hollywood films and like their local product. liz: rich, if you had one question you would love answered no matter what it is by whoever in this world, that would help you do better in your business this year, what is that? >> i think it would have to do with growth of the middle class on a worldwide basis because part of the imax story is so much about bricks and mortar and net worth growth around the world. where we have done best is where the emerging middle class is happening. if i knew it would be in brazil and india or the middle east we would focus more resources there. melissa: our thanks to liz claman in davos there. coming up next hour, outing introduce voice. liz goes one-on-one with

tupperware ceo rick goings who is questioning how much good gets done at the world economic forum. that is candid interview one hour from now. you don't want to miss that. lori: fighting global warming by spending $14 trillion. details of the plan now gaining president obama's support. melissa: and is the economy shifting into low gear? we're gauging the health of the u.s. consumer with the american trucking association ceo bill graves. ♪ . twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep.

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>> i'm adam shapiro with your fox business brief. eastman kodak plans to emerge from bankruptcy by the middle of the year. kodak received approval today from a bankruptcy court judge to borrow up to $844 million. that money will be used to put into place the company's reorganization objectives and emerge from chapter 11. shares of math pharmaceuticals are jumping on news of a buyout. specialty drugmaker allergan is acquiring the company for $958 million. they plan to expand its migraine treatments.

the deal is continue end on regulatory approval in the united states and canada. best buy is betting on actress comedian aimpy pohler for the super bowl ads. they will air a humorous spot during the second quarter quarter of the game. that is the latest from fox business, giving you the power to prosper.

melissa: so the american trucking association's latest report is out and it shows that we have some tough year-over-year results. let's drill down on it right now. joining me, if you could scroll up a little bit, is in a fox business exclusive is american trucking association president and ceo and former governor of kansas, bill graves. bill, thanks so much for joining us. there are a lot of conflicting numbers in this report. we see month over month gains on the seasonally adjusted basis, it is down. what is the big takeaway for

you? >> well i think, melissa, the economy is a little schizophrenickic. you can find good news, bad news situation in almost everything you look at. we, december was okay. it wasn't great. i me we feel pretty good about some retail sales numbers, the housing starts, factory output. those things were all positive but the downside is that the fourth quarter as a whole actually was down vis-a-vis the third quarter of 2012 and it was down considerably comparable to the last quarter of 2011. so again, we're kind of moving sideways and we are not overly optimistic about where we're moving into 2013. melissa: wow, where do you see the strength and where do you see the weakness? >> i mean obviously we see a little strength in auto sales. we see a little bit of strength again in housing starts although i don't know how that will hold up in light of people paying slightly higher taxes. one of the things going on with uncertainty coming up

on may 18th and how we deal with the debt ceiling. the potential for the federal government to shut down. i think many people underestimate the significance of the federal government as a part of, you know, what drives the u.s. economy. melissa: so what could they be doing you think to make things better? what could turn things around from a trucking perspective? >> i think in recent history, anytime our leaders here in washington make, you know, get a decision made, even if it is not what everybody likes or agrees with, the more certainty there is in the business community, the more likely we are to see investment and people making plans about moving forward. i mean i think it is too early to tell how consumer sentiment and consumer behavior is going to be impacted by the, by the tax increases. i mean everybody saw the 2% hit on the payroll tax expiration, what, a little less than 1% on the health care costs. so, we just don't know yet. that impacts us directly because we move a the of retail goods by truck. melissa: but, you know a lot of people out there think

that the economy is getting better, slowly but surely. does your data not show that? especially we look at seasonally adjusted basis. then you see really numbers sinking? >> well, the total tonnage that we moved in 2012 was up about 2.%, versus in 2011 it was up about 5.6%. we clearly saw a slowdown, from 12 versus 11. you know it is too early to say what we expect in 13. we expect i had to be pretty flat. we only expect coming out of december to have 1% gdp and again, if we just keep moving sideways and we don't get some good news out of our federal government we could move sideways throughout the year. melissa: yeah. phil graves, thanks so much for coming on. great stuff. >> my pleasure, melissa. lori: let's get an update on the markets. it has been 15 minutes since we last did that. nicole petallides is on the floor of the new york stock exchange and you are watching netflix

ahead of its earnings report out after the bell. >> that's right. we have a lot of names we're watching. certainly netflix will be one of them. the stock is up about 4 and a half%. that is nice two-day chart. it is back above the 100 dollar mark. everybody is anticipating their earnings coming out after the bells. i shouldn't call them earnings, to be more clear, the estimation for a loss of 1 cents for the latest quarter, for the fourth quarter. the question is whether or not they increased subscribers in the streaming video business. we'll see that as well. the subscriber growth will be key. domestic it numbers will be key as well. we've seep the stock. it certainly has been a volatile one. that is a nice six-month chart for you. you can see the trend has been to the upside, 4.6% ahead of the quarterly report at 4:00 p.m. back to you. lori: we're up-to-date. nicole, thank you. melissa: there is microsoft, microwave, microbrews and micro apartments. only in new york of course. the tour of the new 250 square foot manhattan home,

250 square feet. that is coming up. lori: i thought i was bad in the city storing my sweaters in the oven. melissa: how dangerous. lori: it was. you want to see this. from new york to california that's what you're looking at now where the well-heeled are contemplating running away. that tax threat has not just golfer phil mickelson thinking about leaving the state. ♪ .

melissa: so a powerful davos commission says the world must spend an amount from now until 2030, get this, nearly the size of the u.s. economy. that is all to stop climate change worldwide. emac is here in with emac's bottom line. >> 14 troll trillion. that is huge sum. melissa: chump change. >> yeah, chump change. this comes from a davos commission headed by the former president of mexico, phillipe calderon. 14 trillion they're talking about here. they want to spend more beyond the business as unusual spending. they equate $700 billion a year. the fuzzy math. it doesn't equate to $700 billion a year. equates to 11.7 trillion. when you're spending other people's money. melissa: close enough into close enough. a lot of power players,

applied materials, bank of america, morgan stanley is on this commission, samsung. i tell you something, whether or not this will get punched through it depends how much the white house is following along with the president's inaugural speech saying that he really does want climate change as a priority. now we've got jay carney the day after the speech saying you know what? climate change may not be a singular priority. take a listen to jay carney? >> you know, it is an important issue. it's a priority but there, it is not a singular priority. it is one of a host of priorities that he believes we can act on if we work together. >> okay. sound like that is kind of getting bury ad little. getting back to the 14 trillion figure, which may be 12 trillion, whatever it is. lori: how did they come to that figure. >> it is above and beyond what they are spending now. the world economy could easily handle $700 billion a year. preempt hurricanes like hurricane sandy. you know whether that can happen remains to be seen.

who will foot the bill? maybe investors and taxpayers. melissa: they argue a lot of private funding has to be involved. until it is profitable that is not going to happen. >> there you go. sure. lori: famous golfer phil mickelson has been making headlines lately. he has said he may leave the state of california because of the high tax rate. fellow golfer tiger woods backed him up saying tax rates were the reason he left for florida back in 1996. but it is not just sports elite that are thinking of leaving. fox's william la jeunesse is in los angeles with, who else might be leaving the maybe not so golden state, william? >> reporter: mickelson is not the only millionaire here. we have 34 thousand in california. i talked about 7. some already left the state. others want to. a state hoping to raise 5 to $7 billion from the 1% by charging them 13.3% in income taxes. >> if you have excessive regulations, and excessive tax, that's just not where you want to be. >> reporter: from san diego

to san francisco, wealthy californians are bailing out. >> we have had a tenfold increase in calls from various parts of california, particularly los angeles and the bay area where many people are seeking to find a way to leave the state. >> reporter: some already have. >> it never stops. it is pay a little more this year. pay a little more this way. pay another business tax here. there is no end. so we decided to end it. >> reporter: after california voters raised taxes on the rich. california taxpayers earning more than a million dollars paid a combined top rate last year of 45.3%. today, that is 53.8. five points more for the feds, three more for the state. >> how much pain do you put up with something you think is illogical. >> reporter: peter farrell is considering moving his medical company out of california. while this tax consultant has multiple clients, studying a similar move. >> as soon as prop 30 happened i saw just a huge change in the mind set. it was almost as if, you

know, well, that's the, that pushes it to the limit i guess. >> they're fed up with the situation and they feel that, like they're being unfairly treated. >> reporter: these charts show you why. the top 5% of california taxpayers, those over 250,000, pay 62% of state income taxes. the top 2%? pay 46%. while just 34,000 taxpayers out of 14 million, pay 25% of state taxes. these guys aren't dumb. they're studying how to get out legally. two i spoke that that moved, they're saving $300,000 a year in state and property taxes. mickelson would be 6 million. top states, wyoming, washington, nevada. all zero taxes. arizona half as much. lori: wow! what a sad state of affairs. melissa: the weather is only worth so much the people are saying. the beach, i can live without it. forget the mcmansion. it is all about the micro apartment. new york city mayor michael

bloomberg it an effort to create more affordable housing for 500,000 residents, announced a project calling might my micro new york. multifamily building and 55 apartments and using prefabricated modules built in brooklyn. the apartments range in size from 250 to 270 square feet. the cost? 940 for a studio and $1700 for a two-person apartment. not a two bedroom, a two-person apartment. residents will begin to move in in september of 2015. the artist renderings are hysterical. like a bed that folds up. your table, living room is underneath it. push it to the side and pull it down, that is where you sleep. there is actually a tub. you like it? you're moving there? lori: comical thing i never lived in a new york space much bigger that on that, 500 square feet. that is normal for new york. i think what is interesting about the micro spaces are storage capacity. i was joking. i put my sweaters in the oven.

storage components and pop-up bed, it is clever the way that they're giving you more storage. melissa: you think you would still have to put your sweaters in the oven? have you rethought that in this time? that is little bit dangerous. lori: i was lucky i never checked pilot that it was on because that could have been a disaster. cashmere in the freezer that is good fashion tip. keeps the fuzzies from falling off. that is serious. melissa: on "money", senator john hoeven joins my to discuss his push for president obama to approve the new key steen pipeline now that nebraska governor dave heineman has give the new route the green light. that is tonight 5:00 p.m. eastern on fox business. we'll do more on lori's sweaters in the oven. lori: apple's next move which way will the stock swing after the bell results? tracy byrnes and ashley webster have a preview next on fox business. big rally for the stock market today. don't miss it. ♪

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>> good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. apple anticipation shares rising more than 1% ahead of its quarterly results about two hours from now. so what will apple say about the future of iphone amid weaker demand? we'll have an analyst that weighs in just ahead. tracy: congress aproves a short-term debt limit boost. now the question is will the senate pass a budget for the first time in nearly four years? the latest from capitol hill is moments away. ashley: davos is where global players meet to solve the world's biggest problems. one ceo says they're not getting enough done. >> i see very little come out of here these days that is actionable. ashley: there you have it. tupperware chairman rick goings has a lot to say. coming up he will be telling liz claman why he thinks the world economic forum needs a

complete revamp. interesting stuff. tracy: certainly needs to relocate. i don't know why maui is not on the list. ashley: good thinking. tracy: top of the hour. time for stocks as we do every 15 minutes. we head down to nicole petallides on the floor of the new york stock exchange. hey, nicole. >> you say maui and i am so in. let's take a look here at what is going on. major market averages have up arrows across the board. we have back and forth action which is not unusual. dow up 71 points of the most of the points are attributed to ibm which i get to in a moment. you're seeing a winning day here on wall street. the dow and s&p are at five-year highs. everybody remembers dow 14,000 back in 2007. we're not too far off, folks, right? take a look also at names that reported quarterly numbers. we're looking ibm. also united technologies and mcdonald's. break it down a little bit here. mcdonald coming out with their numbers. that is up half a percent.

it is really ibm, cloud computing, business software doing so well. up about 5%. accounting to for 70 dow points. technology hitting 52-week high. elevators, air conditioners, also a winner, up 3/4 of 1%. those are names doing well. a market breath is doing well at 2:00 p.m. pack to you. tracy: thank you, nicole. see you in 15 minutes. >>. investors are egg schussly awaiting apple's latest earnings report out after the bell. how will the tech giant do after seeing its shares slide almost 30% in recent months? joining us now is the senior technology analyst with mizuho securities. thank you for joining us. from what i can tell you think earnings will fall pretty much in line with what is expected but what in particular are you looking for in this report? >> yeah. i think earnings are going to be in line where people

are right now. i think the key thing we want to hear is about end demand for smartphones and for tablets. one of the things why the stock has taken a beating is there are, there is information out there from supply chains that apple has been kind of taking down its orders for smartphones and tablets. so with any color on what is end demand is looking like would be helpful. tracy: are you worried about flue err products coming out? we're hearing a cheaper iphone. we're hearing, in china they're allowing them to do a payment plan. are you worried all of this kind of stuff is taking away from the end goal here? >> well, i think, listen, if you look at the smartphone market a lot of growth will happen in the mid-tier. the high end growth is going to slow down quite a bit. upnal now apple has been leading at the high end. they are doing well at the high end. as market moves to the mid-tier they will need a product there and pricing will come down and that is part of the thesis why the

stock has pulled back a bit. ashley: how important is the china market to apple? i know they have been in contact trying to talk with china mobile. from what i understand the iphones are not kpatable with china mobile's platform which is a huge problem. something samsung addressed earlier and has kind of a head start on apple. china mobile has what, 910 million subscribers. it is a huge market but just not getting tapped into it right now. >> yeah. i think the issue for china mobile you're right, there are two things. one is technology and the other is a business issue. on the technology side, yes, apple has not really built a phone for china mobile's technology. it can be done. they can do it. it is not something that is getting traction. getting traction over there is a business relationship between apple and china mobile. china mobile's ceo has been really vocal he wants more concessions, apple to give more concessions to get on

the network. we'll see how the conversations go. tracy: going into the report last night the investor sentiment is so negative on the stock. look, you, no one could expect apple to continue to grow at the rate it has been over the last five years. going in do you buy the stock at its current price? >> i think you really want to wait and listen to what they have to say about the end-user demand before stepping in and buying more. we have a buy rating. i think there is --'d ahead of it. we have $600 price target over the next 12 months and we see a pathway to get there given this earnings call is more controversial you want to listen to the management team and step in. ashley: thank you very much. tim cook may be feeling little bit of heat these days. all right. thank you so much for joining us. we appreciate it. don't forget. keep it here on fox business for full coverage and analysis of apple's earnings after the bell starting at 4:00 p.m. eastern right here on the fox business network. tracy: a lot of people will be listen towing that, that is for sure.

in the last hour the house voted to extend the debt limit for another few months. legislation moves along to the senate. where it is expected to pass. what happens next? rich edson, on capitol hill with the latest. hey, rich. are these guys going to get paid? that's we want to know. >> if they produce a budget they will get paid. look at legislation the house passed. it has to clear the senate and head to the white house. this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the senate will pass it. >> i thank speaker boehner

for his leadership in diffusing a fight over the debt ceiling debate. >> now the white house says the president will not stand in the way of this bill becoming law but they are seeking a longer term debt ceiling solution as are democrats and republicans. the problem is, how are you going to do it? republicans say they will come out with a budget that makes sure the balanced budget occurs in the u.s. by the next 10 years, but they say they don't have to raise taxes to do it. democrats are still looking for increased tax revenue. they say the spending cuts republicans want are too deep. we have put this off for a few months, if indeed it does pass the senate and goes onto the white house and become law we still have the major fundamentals differences in budgeting between democrats and republicans and we'll have to deal with that here in d.c. in the next few months. back to you. tracy: rich edson, thank you very much. that notion that their paycheck is dangling, you have got to believe is a little bit after fire. ashley: gets their attention. tracy: big-time. outing davos.

tupperware chairman rick goings has been going to the global powwow for 10 years now. he says big changes are needed. his interview with liz claman is coming up. ashley: a good interview. david cameron's big surprise. how the british prime minister is causing a stir across the pond in europe. first as we do at this time every day let's take a look how oil is trading. the dow is up nearly 70 points, but the price of crude dropping more than 1 1/2% at $95.07 a barrel. officemax can help you drive supply costs down...

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if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if you have symptoms such as persistent fever, bruising, bleeding, or paleness. if you've had enough, ask your dermatologist about enbrel. tracy: that time of day. time to make money with charles payne. this hour he is making you some easy money looking at consumer financials provider. charles, what is it? >> consumer financial service provider. i ace pawn shop. ashley: fair enough. >> ez pawn. they do have financial centers. listen everybody knows about pawn shops now, right?

these reality tv shows, i don't know that they, anyway. some people have misgivings about investing in these. taking advantage of people and, you know, one thing i will say in the last report the redemption rates were 82% from 81%. they say they're screening people better that is not too bad. people actually come back and get their things. meantime this stock had taken it on the chin in part because a lot of states added legislation on just how much they can charge. ashley: right. >> particularly texas which is their home based. they're based out of austin. they had a report last night after the bell i think is really good. growing big-time particularly in latin america. there you go. 254 pawn stores. they do payroll lending there. they're online. they're around the country including the u.k., task genie in the u.k. the numbers are a record although, it is not apples to apples. they opened 75 new locations. one of the stocks is so beaten down, i think what they do for the future is really, very, very smart.

they're expanding. they're in arizona. made acquisition there and acquisition in mexico. they have taken the brunt of some of the pushback from some of these local municipalities. ashley: if they're doing well does that mean the economy isn't? >> it means the economy is just barely getting by. that is the honest truth. tell you what, don't consider this the moment that the fed takes off $85 billion a month trying to pump into the economy. so, right now, but i also think it is growth. the latin american growth i think is brilliant on their part. and i think that is where the future growth will come from. tracy: it is becoming sexy. hard core pawn was on last night. i'm saying, it is on tv. it is a show, it is cool. i bought it at a pawn shop. general merchandise business has gone through the roof. people going in there and buying things. to your point more socially acceptable.

ashley: jeff flock had high-end pawn shop. >> take a look at it. if you feel like you're take advantage of people, there are hundreds of other stocks. if you think this is stock oversold. to do extraordinarily well, particularly with latin america, which, i would hang my hat. this is huge. this will be huge in latin america. stocks up big today. i think it will continue it do very well. they're rebranding themselves. financial services. ashley: got to love that. tracy: good stuff. ashley: u.k. prime minister david cameron announcing new plans for the united kingdom membership in the european union. if a conservative government is elected in 2015 cameron plans to renegotiate the u.k.'s relationship with the e.u. and allow, british citizens to vote whether or not to stay a part of it. the referendum many have feared. cameron facing criticism from british business leaders and other european leaders as he called for this renegotiation.

also sparked concerns from here in the united states. the white house says britain's stronger for being a part of the e you. britain's exit could stifle the economy and trade ties throughout europe. many believe in the u.k. they're not getting anything out of it as they did with the common market. it will make life difficult if they're not a part of the european union because they have to pay more for trade. anyway. interesting to see if it went to vote. i think it would be close. tracy: yeah, right. ashley: that is if the conservatives win in 2015. tracy: you can't still vote. ashley: i can. tracy: how would you vote? ashley: i'm not saying. tracy: we'll find out. quarter after the hour. get down to nicole nicole petallides on the floor of the new york stock exchange. what are you looking at? >> said he would have to kill you. that is the next line. intuitive surgical. talk about robots doing your surgery. when you talk about modern medicine this is the type of company that comes to mind and, in modern medicine there is certainly great

leaps and here you go, up 9% today, soaring on the fourth quarter earnings. they beat the street. expectations for revenue are looking good. as i noted da vinci surgical robots helped numbers along quickly. molycorp, rare either, these are -- earth, non-chinese company used in smartphones and stuff. this stock is down 10% on their quarterly report. there is outlook and warning for that. with that kind of guidance you're seeing stock pull bab. back. tracy: nicole, see you in 15 minutes. coming up tupperware's ceo taking on davos. >> i think really we're at that kind of a point really in davos we have to rethink what the agenda is here. tracy: i wonder if they were making him eat alone at lunch? next up, he tells liz claman tell you why he is outing davos after being a regular guest for years. ashley: none of his security passes work anymore. we'll look how the dollar is

moving right now with the dow up about 66 points. right now you can see stronger against most of the currencies, just down against the japanese yen. we'll be right back. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it.

>> at 20 minutes past the hour i'm patti ann browne

with your fox news minute. secretary of state hillary clinton defending her handling of the attack on the u.s. mission in benghazi, libya where four americans were killed by armed militants. clinton insisted in today's senate hearing that the state department is moving a aggressively to strengthen security at u.s. missions around the world. a federal appeals court ruled unconstitutional an indiana law banning sex offenders accessing facebook and other social media sites. the court of appeals said the blanket ban violated free speech and was too broad and didn't protect children. voters in israel handed prime minister netanyahu a setback. he called early elections expecting an easy leader but he must build a coalition after a strong showing by a centrist party. he is expected to keep his job but his likud party lost 11 of 43 seats it previously held. ashley: thank you, fox's

patti ann browne. thank you very much. consumer stocks are in focus. earnings are out with big names including mcdonald's and coach. after the bell we'll watch to see what apple has to say for itself. sandra smith with a look at the hits and misses in today's trade. >> i will get to apple in a second. mcdonald's the fast-food giant, on a roll. up 6%. it beat on the top and bottom lines and global sales growth beat expectations. however the little caveat in the earnings release. the company says it does face some pressure as far as global growth is concerned in 2013 and there is january same-store sales growth. they said they expect to be negative. keep that in mind if you are somebody who is buying into that stock. on the flipside, coach had a very negative performance today. look at this selloff. the stock is down 16%, a miss on the top and bottom lines. it said it faced very challenging holiday sales. again everybody did and some were able to impress. it has only posted 3/4s of

same-store sales declines in the he have le ven years this company has been public. this was one of them. sort of history in the making for that company. then here it is, apple. everybody is waiting for apple. after the bell tonight i will join david asman to break down earnings for everybody. this will be a tell all for the market. everybody is watching apple you guys. is it time for tim cook to go? here is the year-to-date chart. let me give you a better look at this as i leave it off. here is a significant selloff apple has been in since hitting over $700 a share last fall. it is right around 500 going into the earnings. this will be huge, you guys. by the way the average price target by all analysts is still in the $750 range. so could be setting itself up for a big disappointment. ashley: may be. they're hanging in there. sandra, thank you very much. keep it here on fox business from earnings from apple, netflix and more after the bell starting at 4:00 p.m. eastern right here. tracy: boy, on the line already?

didn't even get furniture for his office. stocks are reaching highs not seen since before the recession. is this a result of the fed squeezing investors out of those safe havens? we have the chief investment strategist with russell investments. eric, it is interesting, right? market's on fire. bulls out in full force and yet you have got consumer sentiment pretty weak, energy prices on the rise, manufacturing data not all that. how do we explain this? >> well, i think first of all, we expect the economy to continue to expand in the united states. we think there still will be a global economic growth pattern with the emerging markets leading the pack, europe basically being in recession. if you think about the economy chugging along, i think what we've seen in consumer spending and consumerism throughout the course of this recovers that the consumers are weakened and we expect the trend to continue and we think it will help drive equity prices up. ashley: eric, the s&p close to all of had time highs.

the vix at a low not seen since 2007. analysts say all of this points to a pullback in the market. do you think that is true? could that be the beginning of a new bull market? >> well, yeah, we're long-term investment shop. and we're really looking at kind of where we think the sources of value are. we invest to either build or maintain wealth. that is done through positive real returns. when you look at kind of cash fixed in equities, equities are one of three asset classes that offer the opportunity for positive real returns this year we think that is what is giving price support and why we're seeing flows into the marketplace. we think that will continue for the year. we may see some ups and downs based on headlines coming out in europe or washington. but we tell our clients work through the volatility to what we think will be a lon long-term good year for equities. tracy: we heard it before. you can't fight the trend. the trend seems to be up and you have to go with it. that being said you like

consumer discretionaris. how come? >> again, what i just talked about. we're seeing consumers as the economy continues to recovery and expand. consumers are continuing to spend money. our largest overweight is in diversified media. you think cable companies. comcast, time warner, viacom. if the consumer has money in the pocket they are going to spend it. turns out they like watching television. we think that is a good long-term play. ashley: eric, we've seen consumer sentiment deteriorate if anything. the expiration of the payroll tax cut, certainly taken, money out of people's pockets. combine that with unemployment and you know, the types of jobs that are out there, perhaps not the best-paying. would that not signify the consumer still is in a difficult can situation? how is that reflected in the market? >> well, yeah, they are in a difficult situation. we're not expecting incredibly robust levels of spending. just simply a continuation of what we've seen over the last four years. more spending.

unemployment is bad but it has gotten significantly better. holding cash gives you effectively zero rate of return. so the consume versus save in cash terms is probably going to lean towards a little more towards consumption, just enough on the margin to keep those consumption rates and consumers enbeiged in the spending of the market enough to power stocks, not dramatically throughout the course of the year but to a very volume lid year in terms of returns -- solid year. tracy: i think that is what people said towards christmas. we'll see. eric, with russell investments. thanks very much. ashley: eric is right. don't fight the trend. it is wanting to go up. that is what it is doing. one ceo makes waves at davos. tupperware's rick goings says the world economic forum is not solving the world's biggest problems. liz claman asks him about that next including whether he is expected to be invited back next year. tracy: i'm waiting for that question. first look at some of today's winners and losers

on the s&p 500 as we head out to break. talking about intuitive surgical, up over 9%. dow's up 72 points. we'll be right back.

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i'm calling. i'm calling. i'm calling. call the hartford at: to request your free quote: call today and make the switch to the aarp auto insurance program from the hartford. why wait? ashley: some breaking news for you. charlie gasparino has confirmed that david einhorn told investors that his firm shorted shares in 2012. revealing his herbalife short doing that. he told investors that the 2012 short against herbalife was profitable. he did not say how big those profits were and there is no current that on shares.

herbalife. down today at 42.80. william ackman claims that there is a whole. scheme. tracy: he made money. god bless him. let's head to the floor of the new york stock exchange. nicole: i am taking a look at the dow which is up about 70 points. most of that is attributed to ibm. we are balancing what we are seeing in washington. where do you think this gentle balance happens over the next few weeks, what you think as we are balancing what we are seeing? >> we generally fall back. that would be the best and healthiest move for the market.

the market is tired from a technical point of view. i think we should gently fall back for a little bit. it will give longtime buyers a chance to add. nicole: i say take some profits now and he said, yes. we are out five year highs. back to you. tracy: thank you. ashley: all right. thousands of readers and ceos gathered in davos, switzerland. one of those ceos says it is time to "out davos." liz claman is in davos, switzerland, with tupperware ceo. liz: the interview that i was going to do with my next guest completely changed last night when i received an e-mail from the ceo of tupperware. he was angry. he has been coming to davos for ten years. he is a little upset right now.

you said you were not going to participate in what was going to be a glossy video that was put together by the world economic forum. why not? >> my issue was, you know, we have a slogan that every successful model works. business model or otherwise. the theme this year is really about revitalization. i really do think we are at that kind of a point. we have to rethink what the agenda is. it has become bloated. we have too many of the panels being politicians, professors, economists and well-meaning, but i see very little, out of here. i would lay it out like this, what do we need to refine our radically alter? i got noisy about it yesterday.

i think it needs to be rethought liz: what is missing from where you stand you back almost the format. we have set up an agenda of what it needs to be about. it was noble this year. all of the different kind of a satiric subjects, they do not match. we could really look at some real case studies on revitalizing companies. to get commercial for a second, you know, this was a company, tupperware brands that is 60 years old. they had no reason to be in business, but we we made ourselves. we re-created ourselves. when you find out what gives you competitive advantage and you make those changes, it is the same with a country. look at south korea, for

example. devastated at the end of the korean war. look at the philippines. the philippines in 1938 was the wealthiest country in southeast asia. look at it today. one tenth of a per capita income. there are stories here that need to get focused on. liz: among them, you talk about women. 2.7 million, that is your workforce of direct sellers and many of them are women. 60% of your revenues come from emerging markets. you take issue with the world economic forum and they are not talking about that enough. they have made a huge effort to get women more involved. is that a story that needs to at least be applauded? >> absolutely.

the women's initiative, they have made inroads there. there are at least five programs going on. three of them are private and a couple of them are not in the main, but they are moving in the right direction. a core of this revitalization of countries starts with women. very interesting. we partnered with the global initiative. we partner with them in mexico where we have 650,000 women and they studied these and there were one-hour interviews. what we got back was dramatic. number one, it changed her attitude being involved with us for three years. two, her economic status. she moved to middle class. three, female violence. moving from anger to appreciation to in fact supporting her. that is happening in our businesses around the world.

i think we need to talk about some of those things here. liz: you have been coming for ten years. if they pulled your invitation, how would you feel about that? >> i have lots of good things to work on. lots of places to put my time. so be it. liz: herbalife and the focus that people have on multilevel marketing. that is not what tupperware does. suddenly, every article about herbalife mentioned tupperware. is that fair? >> well, no. he does not understand what we do. we sell and earn money. those kind of businesses are really supposed to be people saving money and become users of product. direct selling, those associations, we did not leave them, they left us. ashley: interesting

conversation. that was rick goings, ceo of tupperware. as he was saying, what really comes out of these 4 ohms? what can we actually use? tracy: we are not getting a lot of dumb. that includes our own by congress. ashley: we will get back to liz claman and the next hour. tracy: tupperware stock up 26%. he is doing something right. oil closing down a dollar 45.

that stops a four-day gaining street. there is concerns that it may be down. we have much more to come this hour. will the no budget no pay actually do the trick? i do not know. gerri willis will cover that next. ashley: first, it is time to check the treasuries. we will be right back. ♪

♪ shibani: i am shibani joshi with your fox business brief. blue chips getting a nice job. ray look that says that his department is working "diligently on finding out what has been behind boeings recent safety issues." the goal is to get the job done as quickly as possible. the problems must be corrected first. investigators are not confident yet about a way to resume 787 flights. the monetary fund trimming its forecast low pulley for the year. the imf did say that if a recovery can take hold in europe, there could be a rebound in 2014.

that is the latest from the fox business network. giving you the power to prosper. ♪

tracy: it almost sounds too good to be true. i am going to pinch you. can the senate passed the budget for a first time in nearly four years? that is asking a lot. gerri willis on the story. gerri: this is what they are supposed to do. they are supposed to pass a budget and they have not done it in four years. they are required to come up with a budget. they are breaking the law. what do you expect russian mark they are our elected representatives. you go up, 292 times.

we could have gotten a lot done. ashley: they passed this because of what they like, the democrats like in that budget. they want everything to be based off those numbers. gerri: get over yourself. get on the program. you are supposed to pass a budget. do it. eighty-five democrats voted for it. already the new budget committee head is saying, you know, we will bring it up. she is saying we will have a budget. fingers crossed. i think you guys should have odds on this show. whether or not the senate will

actually come up with a budget or not. the money goes into escrow. they will get that. easy pv. tracy: maybe it won't pass? gerri: anything is possible. ashley: we have some breaking news for you, by the way. let's go to uncle petallides. nicole: we are taking a look at -- now we are hearing, by the way, there are some headlines crossing about the "wall street journal" that nyse, that is this building, opposed to selling your oh two rivals after the deal with ice. this is according to the rivals.

the question is whether or not they will actually send off. they have made it clear that there is no interest in spinning off. a lot of regulations that come into play as well. duncan in our try to keep the deal. ashley: thank you very much. we appreciate it. tracy: cbs and dish are going head to head. the tv giant accusing it of hiding fax about its dvr. dennis deal covering the story now. if i never had to watch commercials again, i would be a happy girl. ashley: one and we all. charles: dish network's new auto hop ad skipping feature.

this itself sued the network preemptively rather than waiting to get sued. cbs has returned fire following a motion in that federal lawsuit. cbs says this deliberately chose to conceal the new service when they negotiated their contract. the number one contract like " big bang theory" and "to pro girls" that they could force to renegotiate. would cbs really walk away from the audience? over the weekend, dish network today rather -- thing. tweaking cbs to remove the auto hop from a list. makes you wonder whether this fight is something more personal. overall, though, cbs may be

spitting in the wind by trying to stop progress and killed the auto hop. they took sony all the way to the u.s. supreme court in 84. they lost. they sued another service and requested a decade ago. we have been fast forwarding past ads for decades. how can it be against the law? i bet you cbs loses this one. ashley: i bet you are right. subfreezing temperatures expected across the northern u.s. four days. it is forcing one ski resort to take extreme measures. that is next. tracy: the dow is up. let's take a look at some of the winners and losers on the nasdaq. we will be right back. ♪

tracy: a powerful davos commission says the world must spend an amount from now until 2030, get this, elizabeth macdonald is here with her bottom line. >> this is a dollar number they are talking about, $14 trillion. this is from the green action alliance. they are saying, that means $700 billion a year until 2030. $700 billion a year to greet

itself. look at this, it is all wrong. in fact, 11.9 trillion is what it would amount to. not 14 trillion. when you are spending money, a trillion here, a trillion there. on this panel are some big players. basically, they would be at the, you know, table saying we will get this money. it is not clear where that money would come from, but, you know, whether or not this is still a priority, climate change, at the white house still remains to be seen. white house press spokesman jay carney is backing off of that. take a listen. >> it is an important issue.

it is a priority. it is a party of a host of parties that we can act on if we were to gather. >> not a singular priority. this comes at the same time that davos leaders are asking for $14 trillion. ashley: jay carney the king of doublespeak. tracy: there must be a class in college for that. ashley: speaking of climate, it is brutally cold across the eastern half of the country. the temperatures dropped so far that the weather service dropped wind chill advisories in at least 14 states. it is negative 20 in maine right now. with the windchill, it is even worse. in new hampshire, a ski resort has shut down for today and

tomorrow. expecting 48 degrees below zero. plus you have the windchill going down the hill. you love this weather, though, don't you? tracy: how many coats do have to wear in a state like that? >> it is all about the layering. tracy: i can't. cheryl casone will take us through the last hour of trading. she has a fox business exclusive. the nations largest pension pension fund. plus, liz claman in davos. she is talking with trantwelve and paul jacobs. it is all next. don't go anywhere. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor...

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